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Monday, January 22, 2018

Market Alert - Early Afternoon

A government funding measure was agreed to once the new polls came out and showed who the people believed were responsible. It took no time after that and a deal was cut. Stocks rallied from 12:00ET to almost 1:00ET. Now testing laterally just as they did after the initial move upside in the morning that overcame the sluggish futures.

SP500 13.68, 0.49%
NASDAQ 49.25, 0.67%
DJ30 68.37, 0.27%
SP400 0.21%
RUTX 0.17%
SOX 0.37%

We picked up some NFLX ahead of earnings and some SQ as well. AMZN is up nicely and we didn't get in earlier. Looking to do so as the government reopening deal intraday rally comes back some.
Jon Johnson, Chief Market Strategist
InvestmentHouse.com
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